£144,046
This estimated value is based upon the latest sale price for the house of £95,000 on 16 Sep 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £95,000 | 16 Sep 2014 |
| £95,000 | 20 Sep 2013 |
| £120,000 | 1 Feb 2007 |
| £99,500 | 27 Oct 2005 |
| £91,000 | 18 Jun 2004 |
| £38,000 | 1 Jul 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 sq feet |
This model uses changes in the Official Land Registry House Price Index for DURHAM to estimate the market value.
When this house was purchased in September 2014 the House Price Index for DURHAM was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £95,000 results in an estimated price of approximately £144,046.
| 16 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £95,000 | £49,046 | £144,046 |
The Postcode Pricing Model uses changes in average sales price within the SR8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 1.478 % | £1,404 | £96,404 |
| 3 Month Average | -1.847 % | £-1,755 | £93,244 |
| 6 Month Average | -11.818 % | £-11,226 | £83,773 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £79,217 | £78,000 | 14 WEST VIEW |
| 3 Oct 2023 | £86,975 | £85,000 | 7 EDEN COURT |
| 25 Aug 2023 | £40,735 | £40,000 | 47 SEVENTH STREET |
| 20 Apr 2023 | £79,486 | £77,999 | 2 THOMPSON STREET |
| 25 Jan 2023 | £105,281 | £105,000 | 12 PARK VIEW |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 2 Apr 2015. Using an estimated price of £144,047 means this house is valued at £2,182 per sq meter (£202 per sq foot).
The average size of a house on PARK LANE is 109 sq meters (1,175 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Park Lane |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Lane |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Lane |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Park Lane |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Lane |